Losses triple at Goodwin’s polyimide business as production issue bites

Losses at Goodwin's polyimide business Duvelco nearly tripled to £1.7m in the four months to 31 August.

It comes as the Stoke-on-Trent engineering group moves toward completing its £1.1bn sale of a substantial part of its Mechanical Engineering Division to US investment firm Cerberus Capital Management, one of the largest deals to come out of Staffordshire in recent years. The sale was agreed in September, with completion expected in the first quarter of 2027.

The loss was up from £5... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...